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LBBJ: Altering Signal Hill Landscape

July 26, 2017

The Long Beach Business Journal published their annual Focus on Signal Hill edition. The earlier post was about SHP’s contributions to the city as an energy producer, but the article below is about SHP’s unique position to help develop the future landscape of Signal Hill. As one of the largest land owners in Signal Hill, SHP is looking forward to developing our vacant lots into something special for the city. Continue reading below for details about the upcoming SHP development project, Heritage Square.

Numerous Developments To Alter Signal Hill Landscape

The City of Signal Hill is in the midst of a development surge – affordable and market rate housing, for-sale homes, retail, parks and mixed use projects. One of the most notable projects in the works is Signal Hill Petroleum’s (SHP) Heritage Square.

“The site plan has advanced significantly in the last two months,” Dave Slater, Signal Hill Petroleum chief operating officer and executive vice president, said. “We’re looking at a Class A apartment, residential, multi-family building, in addition to restaurant space and bringing in a very high-quality boutique grocer, Mother’s Market.”

The project is located on the northwest corner of Cherry Avenue and Burnett Street and is currently being negotiated between the city and SHP. Slater said the company has identified a high-end restaurant operator, which he hopes will open a signature restaurant with a great view at the project.

Signal Hill Petroleum’s Heritage Square Development is designed to be an urban village. The project features about 200 Class A apartment units with amenities, boutique grocery store Mother’s Market, a high-end restaurant and open gathering space. Located on the northwest corner of Cherry Avenue and Burnett Street, the project is nearing the end of its design phase. (Rendering courtesy of Signal Hill Petroleum)

Signal Hill Petroleum’s Heritage Square Development is designed to be an urban village. The project features about 200 Class A apartment units with amenities, boutique grocery store Mother’s Market, a high-end restaurant and open gathering space. Located on the northwest corner of Cherry Avenue and Burnett Street, the project is nearing the end of its design phase.

Slater explained that part of the city negotiations are for a former redevelopment property still owned by the city and needed by SHP to complete the project land aggregation. The company already owns all other necessary surrounding land.

“We’re really looking to create an urban village, Main Street atmosphere. And the site design we’ve got on the table now, I think we’re very close to having fine-tuned it,” Slater said. “I think the site plan is really exciting, and I think we’re going to deliver a real quality project – lots of open space, gathering space, kind of unique and eclectic retail spaces, a mix of restaurant uses.”

A key feature to the Heritage Square project is the inclusion of about 200 residential units. Slater described the housing element as a Class A, multi-floor, residential building that will feature amenities to appeal to a population not present in Signal Hill. The residential component is important because Slater said it brings in a customer base for the new urban village businesses.

The Heritage Square project will be very pedestrian friendly, according to Slater, with an open plaza serving as a destination and connection point for the city’s extensive walking and hiking trail system.